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Top Financial Advisor in El Paso, TX

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by Chris Thompson Updated

Finding a Top Financial Advisor Firm in El Paso, Texas

Finding the right financial advisor can be a challenging undertaking. To simplify the search, SmartAsset narrowed it down to the top financial advisor firm in El Paso, Texas. The information below will aid you in deciding if this firm is right for you based on its investing strategy, account minimum and more. In addition, you can use SmartAsset’s financial advisor matching tool, which will pair you with an advisor in your area.

Rank Financial Advisor Assets Managed Minimum Assets Financial Services More Information
1 Lauterbach Financial Advisors, LLC Lauterbach Financial Advisors, LLC logo Find an Advisor

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$276,926,600

$400,000

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of othe advisors (including private fund managers)

Minimum Assets

$400,000

Financial Services

  • Financial planning services
  • Portfolio management
  • Pension consulting services
  • Selection of othe advisors (including private fund managers)

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How We Found the Top Financial Advisor Firm in El Paso, Texas

Only financial advisor firms in El Paso, Texas that are registered with the U.S. Securities and Exchange Commission (SEC) were considered for this list, as all SEC-registered firms are fiduciaries. Out of those firms, we removed any that had disciplinary issues on record with the SEC, did not manage individual accounts or did not offer financial planning. The remaining firm is listed below.

Lauterbach Financial Advisors, LLC

Lauterbach Financial Advisors, LLC

Lauterbach Financial Advisors, LLC is a fee-only financial advisor firm that works with individuals, small businesses, qualified retirement plans and trusts. The firm’s client base is split between high-net-worth and non-high-net-worth investors. To open an advisory account with this firm, you’ll need a  minimum of $400,000 in investable assets.

Considering this firm has just a six-man advisory team, it has a rather strong showing of tax management-related certifications. There are three certified public accountants (CPAs) on staff. Additionally, there are four certified financial planners (CFPs), two personal financial specialists (PFSs) and one certified valuation analyst (CVA). Lauterbach also has a wealth advisor, Miguel Gomez, CFP, who is designated by the firm as an advisor specifically for Hispanic investors.

This firm offers pension consulting services for both plan sponsors and plan participants. It prioritizes transparency in this process to ensure that it’s acting as a fiduciary for both parties.

Lauterbach Financial Advisors, LLC Background

Founded in 1999, Lauterbach Financial Advisors, LLC is now principally owned by three of the firm’s employees (Jon Sonnen, president and senior wealth advisor, Suzanne Lindau, vice president and wealth advisor, and Billy DeFrance, CCO and wealth advisor), as well as six individuals outside of the firm and the holding company Lauterbach Limited Partnership. The firm’s advisors have spent a combined 158 years in the financial services industry.

Besides working extensively with employee benefit retirement plans, this firm also offers services like estate planning, income and tax management, retirement planning, trust plan design, structures for business sales, higher education funding and insurance review.

Lauterbach Financial Advisors, LLC Investing Strategy

Following the ideology behind modern portfolio theory (MPT), Lauterbach Financial Advisors, LLC believes that choosing the right investment markets is the key to a portfolio’s long-term success, as opposed to chasing stocks that are outperforming the market at specific times. Instead of utilizing increasingly popular actively managed funds, this firm uses passively managed funds, such as indexed, open-end mutual funds, exchange-traded funds (ETFs) and conservative fixed income securities.

The makeup of your portfolio will depend on a number of factors though, including your investment goals, risk tolerance and time horizon. Once a proper assessment of your personal financial situation is finished, a plan will be put together featuring a certain combination of the above passive investments.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research